The agreements cover three key initiatives: assembling and supplying electric three-wheelers, introducing intelligent traffic management and AI-based traffic signal solutions, and implementing solar streetlight projects across the country
ADN Telecom Limited has signed Memorandums of Understanding (MoUs) with South Korea’s PBS Co Ltd and CND Motors Co Ltd to collaborate on sustainable infrastructure, renewable energy, and smart mobility solutions in Bangladesh.
According to the company’s statement filed on the Dhaka Stock Exchange on Sunday, the agreements cover three key initiatives: assembling and supplying electric three-wheelers, introducing intelligent traffic management and AI-based traffic signal solutions, and implementing solar streetlight projects across the country.
As part of the MoUs, ADN Telecom will begin preliminary steps to set up assembly facilities and drive sustainable technology ventures, particularly in Hi-Tech Parks. Its South Korean partners will provide advanced technology, equipment, and technical expertise, while ADN will focus on facilitating project execution and market development, read the statement.
The collaborations will be executed through joint ventures to be established in Bangladesh, with the objective of ensuring technology transfer, creating local employment, and building long-term operational sustainability.
News of the agreements boosted ADN Telecom’s stock, with shares rising by 2.01% to reach Tk81.30 during the first hour of trading on Sunday.
Source: The Business Standard
Read More at: csslbd.net
